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| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - Value Methodology Foundations
- VM Study Execution and Team Management - VM Facilitation and Leadership - Function Analysis - Value Methodology Job Plan Application - Value Concept
|
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NEW QUESTION # 51
Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installed cost, including pad = $30 / square meter
Service life = 10 years
Maintenance cost: vacuum weekly = $500 / month
Maintenance cost: shampoo once per year = $3,000 / shampoo
Vinyl
Installed cost, including pad = $10 / square meter
Service life = 15 years
Maintenance cost: vacuum weekly = $400 / month
Maintenance cost: strip and wax once per month = $1,000 / strip and wax Between carpet and vinyl, which is a better value option for the owner over the service life of the products?
Answer: B
Explanation:
The correct answer is A. Carpet $120,000 . This is an Evaluation Phase life-cycle cost comparison. SAVE's VM Dictionary defines life-cycle cost as the sum of initial cost, recurrent annual cost, single expenditures, and disposal or salvage value over a specified period. It also defines recurrent annual cost as operation and maintenance cost occurring throughout each year of service life.
For carpet , the initial cost is:
1,000 square meters × $30 = $30,000
The monthly vacuum maintenance cost is:
$500 × 12 months × 10 years = $60,000
The annual shampoo cost is:
$3,000 × 10 years = $30,000
Therefore, carpet life-cycle cost is:
$30,000 + $60,000 + $30,000 = $120,000
Vinyl is not the better value option in the listed choices. Even though vinyl has a lower initial installed cost, its recurring strip-and-wax maintenance is significant. Over a 10-year comparison period, vinyl would be:
$10,000 + $48,000 + $120,000 = $178,000
That corresponds to option D, but it is higher than carpet's $120,000. The CVS exam trap is focusing on lowest initial cost instead of total cost over the study period. In Value Methodology, value decisions require considering function, performance, and total resource commitment, not first cost alone.
References/topics: Evaluation Phase; Life-Cycle Cost; Initial Cost; Recurrent Annual Cost; Alternative Comparison.
NEW QUESTION # 52
The VM Job Plan differs from the scientific method approach to problem-solving because the VM job plan
Answer: A
Explanation:
The correct answer is B. focuses on what a subject does . The key difference between the VM Job Plan and many other problem-solving methods is its deliberate emphasis on function . In Value Methodology, the team does not begin by defending the existing design, component, process, or solution. Instead, it asks what the subject must do to satisfy the required need.
SAVE's Study Guide states that Value Methodology improves value through the analysis of functions and that Function Analysis is the activity that differentiates VM from other problem-solving or improvement practices. It also explains that functions describe the work being performed within the study scope using active verb and measurable noun pairings. ( ) Option A is incorrect because VM still requires adequate information during the Information Phase. Option C is incorrect because VM does not reduce analysis; it structures analysis through the Job Plan. Option D describes the scientific method more closely because hypothesis development and testing are central to scientific inquiry. The VM Job Plan is function-based: it defines, analyzes, creatively improves, evaluates, develops, and presents alternatives that better perform required functions. SAVE's VM Standard also confirms that Function Analysis defines project functions and identifies which functions require improvement, elimination, or creation. ( ) References/topics: Value Methodology and Job Plan; Function Analysis Phase; Function-Based Thinking; Active Verb/Measurable Noun; VM vs Scientific Method.
NEW QUESTION # 53
Projects generally begin with basic assumptions. These can become criteria or "requirements." What should the VM study team do with these assumptions?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are A and D . In a VM study, assumptions must not be accepted automatically as fixed requirements. Many projects begin with assumptions about user needs, design criteria, operating conditions, owner preferences, codes, capacities, materials, schedules, or performance expectations. Over time, these assumptions may become treated as mandatory requirements even when they have not been tested. The VM study team's responsibility is to examine them objectively.
The team should challenge assumptions with facts because unsupported assumptions can restrict creativity, increase cost, and prevent better value solutions. Challenging does not mean rejecting them blindly; it means asking whether the assumption is true, current, measurable, and necessary to perform the required function.
The team should also verify assumptions through project data, stakeholder input, customer needs, technical criteria, codes, standards, cost information, and performance requirements. Verified assumptions may remain as valid constraints or criteria. Unverified assumptions should not control the study.
Option B is incorrect because assumptions should not simply be replaced without analysis. Option C is incorrect because accepting assumptions as facts can cause the team to preserve unnecessary cost and miss value-improvement opportunities.
References/topics: Information Phase; Assumptions; Criteria and Requirements; Fact-Based Analysis; VM Job Plan.
NEW QUESTION # 54
Which of the following is the best method to capture the status of recommendations?
Answer: B
Explanation:
The correct answer is C. Document the disposition of the alternatives . In the Implementation Phase, the purpose is to ensure that accepted value alternatives are implemented and that the benefits projected by the Value Study are realized. The SAVE International Study Guide states that, after delivery of the preliminary report, management and the project team should agree on which value alternatives will be implemented, how implementation will occur, and by when. It also identifies a key implementation activity as conducting an implementation meeting to determine the disposition of each value alternative . ( ) Documenting the disposition means recording whether each recommendation or value alternative was accepted, rejected, deferred, modified, or requires additional study. This creates a formal status record and preserves management's decision rationale. The Study Guide also emphasizes establishing action plans for accepted alternatives and documenting the rationale for rejected alternatives, which directly supports formal disposition tracking. ( ) Option B is related to follow-up or validation, not the primary method of capturing recommendation status.
Option D is too informal, and Option A is not a recognized VM control method.
References/topics: Implementation Phase; Value Alternative Disposition; Recommendation Status Tracking; Action Plans; VM Follow-Up.
NEW QUESTION # 55
A function performance specification:
Choose 3 answers.
Answer: A,C,D
Explanation:
The correct answers are A, D, and E . A Function Performance Specification is used to define performance requirements in terms of the functions that must be achieved, not in terms of a predetermined design solution.
In VM, value is linked to functions measured by the customer's performance requirements, and the methodology seeks alternate ways to accomplish a function while meeting customer performance expectations. ( ) Therefore, it accurately identifies requirements specific to functions . FPS characterizes each function through criteria, expected performance levels, and flexibility, which makes the requirement measurable and traceable.
( Value Analysis ) It also communicates customer performance wants and needs because it documents what the user or customer expects the solution to accomplish. The FPS approach expresses needs and expected performance without reference to a specific solution, allowing broader innovation while maintaining customer requirements. ( Value Analysis ) It also helps uncover hidden assumptions because vague wants must be translated into explicit criteria, levels, and flexibility. Option B is incorrect because FPS does not evaluate or limit VM team options; it defines functional performance expectations. Option C is incorrect because FPS should avoid constraining designers to a specific design.
References/topics: Function Analysis Phase; Function Performance Specification; Customer Requirements; Performance Criteria; Functional Requirements.
NEW QUESTION # 56
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